Joe Murphy – Compliance & Ethics Professional – July/August 2013
How often have you heard companies claim that ethics is their most important value, or that they have a gold-standard compliance and ethics (C&E) program, or similar boasts? They may say there is nothing more important than doing the right thing, and that their code of conduct applies to everyone in the company. But, where is this spelled out by the company in a way that truly binds everyone, including the board of directors?
In a corporation, direction starts from the top. Just as a subordinate employee does not issue binding directions to his or her boss, compliance managers, lawyers, or even senior executives do not tell the board what to do; the board is at the top, serving at the shareowners’ discretion.
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